2025 Macroeconomy Stats Flashcards
(30 cards)
What is the annual economic growth for 2024?
1.1%
What is the annual growth forecast?
1%
What is the output gap?
-0.6%
What is the GDP per capita?
£36,000
What is the total GDP?
£2.85 trillion (services - 79%, manufacturing - 14%)
What is the unemployment rate?
4.4%
What is the economic inactivity rate?
21%
What is the employment rate?
75%
What is the consumer confidence level?
weak
What is the CPI?
2.6%
What are the inflation expectations?
3.9%
What is the wage growth rate?
5.9%
What is the current account deficit as a percentage of GDP?
2.6%
What is the state of productivity and investment?
poor
What is the minimum wage?
£12.21
What is the exchange rate for £1 to USD?
£1 = $1.32
US trade is slowing
What is the exchange rate for £1 to Euro?
£1 = €1.16
European trade is stagnating
What is the budget deficit as a percentage of GDP?
4.8% of GDP (£140 billion)
What is the national debt as a percentage of GDP?
95.5% of GDP
What are the income tax bands?
£12,500 tax free, then 20%, 40%, 45% - frozen until April 2028
What is the corporation tax rate?
25%
What is the VAT rate?
20%
What is the Gini coefficient?
0.35
What is the base interest rate?
4.5%
